IDB and MIF Sign Investment Agreements with Uruguay and Bolivia

first_imgBy Dialogo October 08, 2010 On 6 October in Montevideo, the Inter-American Development Bank (IDB) and the Multilateral Investment Fund (MIF) signed several agreements intended to increase private-sector investment and competitiveness in Uruguay and Bolivia, respectively. The president of the IDB, Luis Alberto Moreno, and the Uruguayan economic and finance minister, Fernando Lorenzo, signed a non-reimbursable technical-cooperation agreement worth up to 1.2 million dollars to develop public-private partnerships. The project’s objective is to create incentives to increase private investment in public infrastructure and strengthen the management of the tourism industry. For her part, IDB executive vice-president and MIF general manager Julie Katzman announced the signing of agreements to widen access to financial and non-financial services for small producers in the agricultural and livestock sectors in Bolivia, which will benefit twenty thousand low-income micro- and small-business owners. The agreements were signed in the context of the Thirteenth Inter-American Microenterprise Forum (Foromic), underway in Montevideo with the participation of representatives from forty-three countries. The conference, the opening ceremony of which was attended by Uruguayan President José Mujica, also awarded the 2010 ‘Prize for Microenterprise Development’ to two microfinance institutions from the Dominican Republic and Bolivia and a renewable-energy firm from Nicaragua. Tecnosolución SA received the award for excellence in business development services for bringing electricity to remote areas of Nicaragua by means of solar energy. For their part, Banco de Ahorro y Crédito ADOPEM, a Dominican bank, was selected for its offer of innovative products for segments of the population underserved by the formal financial sector, while Banco FIE S.A., a Bolivian bank, stood out for its best practices in the area of social performance.last_img read more

Tesoro Savage brass in town for meetings

first_imgSeveral top officials of the two companies hoping to build an oil-by-rail transfer terminal at the Port of Vancouver are in town this week for private meetings with key business and government leaders, as well as project partners.No public events with the executives are scheduled, said Jennifer Minx, Tesoro Corp.’s senior manager of corporate communications.The visting Tesoro executives are Keith Casey, senior vice president, and Brian Sullivan, vice president of corporate affairs. Nathan Savage, a senior vice president of Utah-based Savage Companies, is also in town, according to an email invitation to a closed business meeting that was circulated last week by the Greater Vancouver Chamber of Commerce.That closed meeting of about 40 stakeholders, elected officials and business leaders is set for 1 p.m. Tuesday at the Heathman Lodge, immediately following an unrelated luncheon hosted by the Columbia River Economic Development Council.Though the oil terminal wasn’t on Monday’s Vancouver City Council agenda, several dozen citizens attended the meeting to talk about the proposal during a public comment period. Last week, a majority of council members said they oppose the terminal. Opponents also said they would turn out for Tuesday’s meeting of the Port of Vancouver Board of Commissioners at 9:30 a.m. at the port’s office, 3103 N.W. Lower River Road in Vancouver.last_img read more